PROCESSING A CONTINGENT ACTION TOKEN SECURELY

Organization Name

Inventor(s)

Gary W. Grube of Barrington Hills IL (US)

PROCESSING A CONTINGENT ACTION TOKEN SECURELY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240220586 titled 'PROCESSING A CONTINGENT ACTION TOKEN SECURELY

Simplified Explanation

The method described in the patent application involves determining if certain content is eligible for a proposed contingency-action token for a distributed ledger. If qualified, the method includes creating the token content and generating a new block on the ledger using a secure process.

The method determines eligibility of content for a proposed token.
It creates token content and generates a new block on a distributed ledger.
The process is secure and involves blockchain technology.

Key Features and Innovation

Determining eligibility of baseline content for a proposed contingency-action token.
Creating token content and generating a new block on a distributed ledger.
Using a secure process to ensure the integrity of the blockchain.

Potential Applications

This technology can be applied in various industries such as finance, supply chain management, and healthcare for secure and transparent record-keeping.

Problems Solved

Ensures only qualified content is included in contingency-action tokens.
Enhances the security and integrity of distributed ledger systems.

Benefits

Improved accuracy in token content creation.
Enhanced security and transparency in blockchain transactions.

Commercial Applications

Title: Secure Content Verification and Token Generation for Distributed Ledgers This technology can be used in financial institutions, logistics companies, and healthcare organizations for secure and reliable data management on distributed ledgers.

Prior Art

Readers can explore prior research on blockchain technology, smart contracts, and distributed ledger systems to understand the background of this innovation.

Frequently Updated Research

Stay updated on advancements in blockchain technology, tokenization, and secure data management on distributed ledgers for the latest developments in this field.

Questions about Secure Content Verification and Token Generation for Distributed Ledgers

1. How does the method determine the eligibility of baseline content for a proposed contingency-action token? 2. What are the potential implications of using a secure process to generate new blocks on a distributed ledger?

Original Abstract Submitted

a method executed by a computing device includes determining whether baseline content associated with a longevity-contingent instrument is qualified for a proposed contingency-action token (cat) for an object distributed ledger. when qualified, the method further includes establishing cat content to include the baseline content and further cat content to produce the cat. the method further includes using a securely passing process to generate a new block affiliated with the cat via a blockchain of the object distributed ledger, where the new block includes the cat content.